Notifications

Extension of due date of filing of ITR & TAR for AY 2017-18

October 31, 2017

CBDT- on consideration of various representations for further extension of due date CBDT further EXTENDs the due date of filing of ITR & TAR for AY 2017-18 by 7 days to 07 November 2017 CBDT Order for Extension

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TDS not to be deducted on GST amount

July 19, 2017

1. The Central Board of Direct Taxes (the Board) had earlier issued Circular No. 112014 dated 13.01.2014 clarifying that wherever in terms of the agreement or contract between the payer and the payee, the Service Tax component comprised in the amount payable to a resident is indicated separately, tax shall be deducted at source under […]

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Directions under section 119 of the Income-tax Act, 1961

December 10, 2016

Circular No. 40/2016 Government of India Ministry of Finance Department of Revenue (CBDT) Dated – 09-12-2016 Subject: – Directions under section 119 of the Income-tax Act, 1961-regd. Recent initiatives of the Government to curb the black economy in the country has encouraged people to shift towards digital mode of payment while making financial transactions. By […]

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ITO authorsied to issue notice u/s 143(2) for scrutiny

November 18, 2016

New Rule 12E-ITO authorsied to issue notice u/s 143(2) for scrutiny . Move to create enough manpower to scrutinise income tax returns post 30-12-2016 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 105 /2016 New Delhi, the 16th November, 2016 G.S.R. 1073(E).—In exercise of the powers conferred by section 295 […]

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CBDT revises Form 64A-Income distributed by business trust

September 24, 2016

New Delhi, the 16th September, 2016 INCOME-TAX S.O. 2979(E).—In exercise of the powers conferred by section 295 read with sub-section (4) of section 115UA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:— 1. (1) These rules […]

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Section 35AC National Committee approves 26 eligible projects or schemes

September 24, 2016

New Delhi, the 22nd September, 2016 S.O. 3018(E).-In exercise of the powers conferred by sub-section (I) read with clause (b) of the Explanation to Section 35 AC of the Income Tax Act, 1961 (43 of 1961), the Central Government, on the recommendation of the National Committee for Promotion of Social and Economic Welfare, hereby notifies […]

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